Financial Literacy

Financial Literacy

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  • Bob is a 34 year old dentists who like to read and watch cat videos in his free time. He works at Gentle Corrections, a local dentist office in Iowa, and has done so for 3 years.
  • One day, Bob was informed Gentle Corrections was burned down and didn't have the budget to rebuild the building. Bob was left jobless.
  • Luckily, Bob found out about Unemployment insurance. It allowed those who lost their job, but not by their fault, to receive an income by the government until they found a similar paying job. While you are receiving income, though, you need to be actively looking for a job and have mad a base amount of money in your lost job.
  • Due to Unemployment insurance, Bob could continue his life without facing significant financial troubles as he looked for another job as a dentist.
  • After searching for a while, Bob applied to Healthy Teeth as a dentist. After an interview, Bob got the job and would start the next week.
  • Now that Bob has a job again, he no longer needs nor receives Unemployment insurance. He can continue to read and watch cat videos in his free time, as he no longer needs to worry about his financial situation.
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